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20131202
20131210
STATION
CNBC 13
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English 13
Search Results 0 to 12 of about 13
CNBC
Dec 5, 2013 7:00pm EST
, president obama followed in that footstep as the first african-american president of the united states, and he said that he would spend the rest of his life trying to live up to and follow nelson mandela's example. what was so notable about nelson mandela was that he actually achieved in practice the promise that president obama had held out in 2004 at that famous convention speech of bringing south africa together, adopting a policy of reconciliation at a time when there was such tremendous bitterness built up over decades and decades of conflict. it was a titanic achievement for a leader, for a statesman, and that's why so many people looked up to nelson mandela. >> you know, as you pointed out earlier today, one of the remarkable things in his epic life is when he came to power, he was a man without spite or -- though he certainly must have had some anger, he did not act upon that anger. he was a conciliator. he brought people from the former apartheid government into his own circle of advisors and in some cases, opponents into the government there. he was, to my thinking, both his
CNBC
Dec 4, 2013 7:00pm EST
house this afternoon for a so-called youth summit to discuss obama care and other issues that might affect young americans. notably absent is a representative from the national college of republicans and that because her application to attend was rejected. i am shocked, shocked at this. so, we had to ask her to come on the show. here now is alex smith, national chair of the college republicans. alex, thank you for coming on. i appreciate it. >> thanks, larry. >> let me just ask you, when you applied to this gala white house event, did the application ask you what political party you belonged to? >> it did not, but my e-mail address gave away that i worked for the college republican national committee. >> okay. but if you had gotten around that, you think you would have had a better chance of getting invited or are these all just campaign workers? >> you know, i think my theory on this is that the president has nothing left to give young people so he can't have diverse voices in the audience because there's no room for a genuine discussion on this issue. >> let's go to this issue now
CNBC
Dec 3, 2013 4:00am EST
. >>> a revamp and a resale. president obama will try to make the case again to the american people for his health care reform program. it has hit several stumbles still launching in october. >>> as the british prime minister visits china, the country's polit bureau expands domestic demand and pushes forward its key reform. >> announcer: you're watching "worldwide exchange," bringing you business news from around the globe. >> if you've just joined us stateside, u.s. futures are indicating a softer start after the close we saw yesterday. the s&p down nearly five right now. the dow is some, what, 35 points below fair value? the nasdaq at the moment is on fair value, just about the s&p 500 is around 3.5 points below fair value. european equities have been soft and we're down near the session lows. the cac 40 in france, up 1.5%. the italian market down 0.5%. meanwhile, u.s. vice president joe biden and the japanese prime minister shinzo abe have been giving a statement in tokyo. japanese prime minister abe saying we cannot accept china's one sided air defense zone over the east china sea throu
CNBC
Dec 9, 2013 7:00pm EST
write about making good on obama's "keep your insurance" promise by allowing americans to shop inside the federal employees' own health business plan. i'm a former federal bureaucrat. scott, is this feasible? what are the advantages of the federal employees' health care plan? >> it's a true marketplace. you have all different kinds of plans being sold and people can actually choose the plan that they want and tailor what they want to receive. the amazing thing is that the plans are actually cheaper than the obama care plans even without the federal subsidies. if you take the list price of a plan in that system and try to compare it to a comparable obama care in the same market, you'll see that there are cheaper options in the federal plan. my argument is this, people who lost their insurance, who were kicked off their insurance, rather than forcing them into obama care, let them shop in the federal program. let them have access to a real marketplace. >> chris, thousands of plans are in this federal employees' health care plan. it's whatever consumers want, the insurers are going to pr
CNBC
Dec 4, 2013 1:00pm EST
obama speaking earlier this morning about closing the great american wealth gap as he sees it. his speech on news that almost a third of the nation's bank tellers rely on some form of public assistance to get by. kayla tausche is here with more on that angle and robert frank has a reality check on the numbers concerning income inequality. kayla, you to first. this is a surprise. >> it is a surprise and this is from "the washington post," an article citing data from the university of california berkeley that says a third of bank tellers tap government entitlement programs roughly $900 million as they struggle with low wages in a profitable industry. compared to the national poverty line 23,000 for a family of four, the bank tellers in this country make roughly below $26,000. far lower than other jobs at these banks. underrioters and financial advisors clock in under $100,000. bank executives to the s.e.c. make over $500,000 for their salaries. the biggest banks get an average of $15.1 million. but in an industry where the skillsets range from highly specialized and risky to relative
CNBC
Dec 3, 2013 3:00pm EST
the push to get american to sign up for obama care. but is he jumping the gun with his website still not 100%? what about all those complaints over sky high premiums? up next we'll talk to former ubs chairman robert wolf who has been one of president obama's closest allies on wall street. >> apple shares on a roll after a strong started to the holiday shopping season. we'll hear from somebody who says investors should buy this stock now before it really takes off. >> and there's been a lot of buzz online and on social networks about that minimum wage discussion we had yesterday with the mcdonald's worker. take a lynn. >> have you asked for a raise before? >> i have and i was pretty much told it's going to come eventually. just wait. >> coming up former council of economic advisers says be careful what you wish for. raising the minimum wage will only end up hurting the very people it's intended to help. he's join us on the "closing bell." stick with innovation. stick with power. stick with technology. get the new flexcare platinum from philips sonicare and save now.
CNBC
Dec 3, 2013 7:00pm EST
hill republicans kept pound being away with their criticism saying that obama care ultimately is more than just this website. >> the president's health care law continues to wreak havoc on american families, small businesses and our economy. it's not just broken website. this bill is fundamentally flawed. causing people to lose the doctor of their choice, causing them to lose their health plan and if that want isn't enough having to pay much higher prices at the same time. >> reporter: also today, larry, inspector general that oversees the irs says the irs may have some proble some problems implementing the health care in refunds. the treasury said they are aware of the problems and been on top of them. they say they will have it under control and be able to prevent massive fraud inside the irs piece of the affordable care act roll out, larry. >> what's going to happen with this back end business called, what is it 836 i think it's called, section 836. 834. it connects the websites to the insurance companies. okay. right. you got by some accounts 44,700 people out of a total of about
CNBC
Dec 9, 2013 6:00am EST
time, americans -- the problem with trying to repeal obama care beforehand was it was theoretical. i knew for, you know, forever that millions of americans were going to lose their health care and there'd be millions more. but it was theory. now americans are feeling the real disaster that the health care law is where we've got millions of americans losing the health care, losing access to the doctors and treatments that are keeping you alive. and that's going to have a negative impact on democrats trying to run for senate. let's face it. anybody that voted for that bill. anybody that mouthed those same words, if you like your health care plan, you can keep it, and there are plenty of senate democrats, house democrats that told that exact same untruth. let's put it that way. >> senator, assuming that the affordable care act does create some difficulties for democrats, particularly those seeking office, what should you -- what should republican party do to kind of advance its own cause between now and 2014 elections? >> well, i heard you earlier, it's -- it's difficult to repeal obama
CNBC
Dec 2, 2013 7:00pm EST
you boil down to any of these safety net programs, they have support from americans across all political aisles. >> right. it's a safety net. >> that's why so many people supported obama care because they believed it was a safety net program when it was a redistribution program. if we focus on the safety net, do it at the state level. we've already got some high risk pools at the state level. if they need more funding, more support or restructuring reform at the state level, conservatives have talked about that for a while and don't get enough credit for. >> lanny davis, i worked for a guy, ronald reagan, he was willing to cut spending but he believed in the safety net. and my mentor, the late jack kemp, always believed in the safety net and helping those who truly couldn't help themselves. i think the republican party have to take that democratic message out because this thing is going to wind up bankrupt -- their plan is going to bankrupt the system and nobody's going to win. gop has to say, here's how we're going to do it, even if it means, heaven forbid, i'm going to say th
CNBC
Dec 6, 2013 7:00pm EST
here. americans are going to be outraged when they find out that so many of these things in obama care are covered by subsidies and that's wrong. >> including saving the companies. >> that's right. >> including saving -- >> the private marketplace but it's really not. it's subsidized so much. >> how about law firms next? all the popular companies. >> everyone knows that the insurance companies also pay back to the government. >> we don't know that. >> no -- >> they're not paying back that billion dollars. >> that's right. >> there are who visiprovisions >> no, it's because companies, but it's too bad. so that is going to -- taxpayers. >> you'll have another whack at the ball. jimmy, tracy, lenwood is going to stick around with us. now let's get back to the big jobs report that set off even bigger stock rally today. we'll debate those jobs' numbers and the economy just ahead. >>> later on, the republican party chairman says obama care was designed to quote, screw over young people. end quote. his phrase, not mine. we'll going to have to cover that story as well. and don't forget, free m
CNBC
Dec 4, 2013 3:00pm EST
get a higher minimum wage for hard working americans across the entire country. >> note, president obama invoked new jersey, the state of governor chris christie, who may be a republican candidate for president in 2016. this is a difficult goal to accomplish because many republicans, even though the president disputes this argument, make the ar umeguments is going to cost jobs. i know our next guest will make that ar ument as well. >> lawmakers nearing a deal on the budget. we know today being the 4th, the 13th being the deadline, does it look like we're going to have an agreement? >> it does. modest agreement, two years, $90 billion, raising the budget caps about $45 billion of ee quester relief for defense department, 45% for domestic programs. does not decrease the deficit. offset by additional revenue and budget cuts. they would not be tax increases and not cuts to medicare and social security or agriculture program but much more mundane things like fees and asset sales and cushing federal retirement, all ways in which the congress hopes it can avoid a shutdown in january and g
CNBC
Dec 5, 2013 9:00am EST
we get a higher minimum wage for hard working americans across the internet. >> president obama supports a $10.10 on minimum wage. certainly never mind $7.25. any sort of rates for their workers would end up getting passed down to the consumer in the way of higher prices for food. there are no hard numbers on this, but a burger would go anywhere from $3 to $3.50. that's the big debate. how big of a deal is that if the price of a burger goes up 50 cents? a lot of labor experts say it's not that big of a deal because a lot of these fast food workers use about $7 billion in social services a year. if they need less in those social services, you'll pay less into those social services, basically raising the bottom raises the whole. the protests are scheduled to start around 11:30. we'll see how it goes. >> katie, thanks so much. our katie tur. >>> dominick has a special retail story. >> let's check out what's happening with francesco's. you can see there right now, certainly not a good story for those ipo investors. back over to you. >> thanks a lot. i want to turn our attention back
CNBC
Dec 3, 2013 6:00am EST
. >>> president obama wants to sell the american people on the relaunch of his troubled health care program today. he'll be starting speaking at 2:30 eastern time today. >>> let's check on the markets in anticipation of this. it wasn't too auspicious of a start yesterday. and again this morning, not so great, either. a lot of -- in the last two weeks, we have heard the word bubble like 100 times. so i don't know whether that initially just gets people to sell it off. it doesn't mean we're going down 5% or 10%, but at least it's starting with a little bit of trepidation. we have eight street weeks of gains, it probably wouldn't be surprising to not go nine. but down about 48 points is what we're looking at on the dow jones. the s&p is up 20% for the year. take a look at oil as we head into the all-important christmas season for retailers. people have a little more in their pockets as gasoline prices come down. the ten-year, which we always watch, given that some day somehow somewhere janet yellen is going to -- >> look at that. it's almost 2.8%. >> 2.8%. the dollar should be going up against these
Search Results 0 to 12 of about 13